National Grid plc (NG) Stock Price, Fundamentals & Analysis

What NG does

National Grid plc (NG) is a utilities stock listed on the London Stock Exchange that transmits and distributes electricity and gas. It operates through several segments, including UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other. In the United Kingdom, the company runs the high-voltage transmission network in England and Wales and distributes electricity in the Midlands, Southwest England, and South Wales. In the United States, it provides electricity and gas distribution and transmission services in New England and New York. The National Grid Ventures segment operates electricity interconnectors and LNG importation at the Isle of Grain, while the Other segment covers commercial property leasing and insurance in the UK. Founded in 1990, the company is headquartered in London, United Kingdom, and employs 33,026 people.

Key numbers explained

• 11.27 GBP is the current share price, the amount you would pay for one share on the London Stock Exchange.
• The trailing P/E ratio of 17.3 shows how many years of current earnings it would take to equal the share price; a lower number can suggest a cheaper valuation relative to recent earnings.
• The forward P/E ratio of 11.5 uses expected future earnings, which can look lower if analysts anticipate growth.
• 0.65 GBP is the trailing twelve-month earnings per share, the portion of the company's profit allocated to each share.
• The dividend yield of 4.3% tells you the annual dividend payment as a percentage of the share price; it is a common way income-focused investors compare stocks.
• The ex-dividend date of May 28, 2026 is the cutoff: you must own the stock before this date to receive the next dividend payment.
• 72% of earnings are paid out as dividends, indicating a high payout ratio typical of mature utility companies.
• The beta of 0.59 suggests the stock tends to be less volatile than the overall market.
• The 52-week price range of 10.48 – 14.29 shows the lowest and highest traded prices over the past year, with the current price near the lower end of that range.
• The debt-to-equity ratio of 121.3% means the company carries more debt than equity, which is common in capital-intensive utility businesses.

What to watch

• Utility stocks like NG are often sensitive to interest rates, because their steady dividends compete with bond yields when rates rise or fall.
• Regulatory decisions on electricity and gas pricing in the UK and the US can affect revenue and margins.
• Capital expenditure plans for grid maintenance and expansion influence future earnings and debt levels.
• Weather patterns drive energy demand, which can cause short-term fluctuations in usage and revenue.
• NG's position as a regulated monopoly in several regions provides stable cash flows but limits pricing flexibility.
• Investors often compare NG with peers such as SSE plc (SSE), Severn Trent (SVT), Centrica (CNA), and United Utilities (UU) to gauge relative value within the utilities sector.